Regulatory deficit for AIF managers puts big responsibility on investors

Only few requirements must be fulfilled to become registered as an alternative investment fund manager in Denmark, and this places a lot of responsibility on investors, say sources with knowledge of the sector.

Kim Høibye, attorney and partner at Njord Law Firm. | Photo: PR/Njord Law Firm

How little must actually be done to establish an alternative investment fund (AIF) authorized to manage large sums on behalf of investors?

That question has become all the more relevant after AMWatch's sister media, FinansWatch, recently reported on a Danish financial company Pillious. Here, several knowledgeable sources commented on a series of problematic issues with the firm, for instance, a highly impressive posited history of returns that numerous parties consider highly improbable.

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